Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson🇺🇸🇺🇸🇺🇸..

@user-rc6bu4vu3x

4 ай бұрын

Can't imagine earning $85,000 biweekly, God bless Ms Chloe Linda Henderson, God bless America 🇺🇸♥️

@LouisPeters-fw9cg

4 ай бұрын

I have made more than 90 K God bless Chloe Linda Henderson God bless America 🇺🇸

@user-rc6bu4vu3x

4 ай бұрын

+1

@user-rc6bu4vu3x

4 ай бұрын

201

@user-rc6bu4vu3x

4 ай бұрын

554

I love that this podcast brings us ‘behind the curtain’ often to understand the situations involving our leaders - and also offers a platform to give us hope for the future or msia :)

Well done Dr Ong & Peter..another well done episode...keep it up! Murtabak on me when you two are here in Singapore 😊

@user-uw1br3cr8d

5 ай бұрын

Bring in Tony Pua to share his inputs as an experienced politician who had also served in the Govt.

Debate quality in Malaysian Parliament is reflective its own currency exchange rate. The MPs supporters and voters are also of such calibre

As long as the quota systems exists for students, brain drain will exist

@tedchandran

5 ай бұрын

Jai Hinduja. So many graduates now work as rubbish collectors overseas.

@giant108

5 ай бұрын

It's more than that. In the current form, it's the root cause of the decline that would eventually lead Malaysia to a failed state. I'm not against a quota system as it's a key factor in the social political stability. However the current quota system must be revamped to place only maximum 20% of resources under the quota system whereas the balance 80% should be placed under a fully merit based system. For the poor performance of MYR hasn't the World Bank Advisor for Malaysia provided the reasons for the rot? If I'm not wrong the answers are high debts including those created by Najib 1MDB fiasco.

@ckokloong

5 ай бұрын

Problem is not the quota system. Problem is the salary.

@apprenticeyls

4 ай бұрын

Things like the 51% rule for freight forwarding logistics company can happen to any other industry? This kind of rule can scare people away from starting up business right?

@hasnanhashim4386

12 күн бұрын

So there is umno and nep quota system in China and India izzit? Your great grandparents came here to escape Umno China cultural revolution and great leap forward....as they were well to do han chinese in great motherland. Now their ancestors are poor in Malayland

I’m really quite impressed with the vibes of your conversation, inclusive and respectful of other divergent ideas😊mild nice tone from both👍

Steven sim next guest ✔👍

@user-uw1br3cr8d

5 ай бұрын

Invite Steven Sim and the new Minister of Human Resources to share his views on managing managing manpower needs of the country and talent searching.

@tengfs

5 ай бұрын

Hopefully Wong Chen could join the show as guest

@user-uw1br3cr8d

5 ай бұрын

Agreed@@tengfs

Very Well Explained of Malaysia economics failure!

Talentcorp is a waste of time.. waste of public funds

thanks good information understand more on the RINGGIT issue (y)

In a way I do agree with both of you that the reason for the falling of the Malaysian Ringgit is due to the high interest rates in the US and other factors also. I however is an advocate of a different view as I believe that the Malaysian economy's fundamentals also need to be strengthen as well. You see the Malaysian economy is also a very export oriented economy, most of these products are produced in factories in Malaysia. The biggest problem about this is that to produce these products, we have to import majority of the raw materials from overseas. This ultimately gives a big chunk of the revenue to anther country. As a double jeopardy, majority of the workers in these factories are also non-Malaysians as well. If you understand the mentality of these foreign workers, then you will know that a majority of the money earned by them is sent home to the countries of their origin like Bangladesh, Indonesia, Vietnam, Thailand, Myanmar, India, Pakistan and Cambodia. Therefore if we are able to strengthen these fundamentals and these money earned not leaked back to another country then Malaysia will be in a much better position.

@asean8081

5 ай бұрын

You are correct . The value of Ringgit is NOT just policy matter . Global Currency speculation is real ( like in 1997 ) and none of our experts pointed that out .

Please discuss about the 5.5% EPF interest declared for 2023, which was disappointing considering EPF was earlier reporting their returns of investment in value in 2023 were the highest on record.

@ckokloong

5 ай бұрын

How much % you think it is acceptable?

@user-uw1br3cr8d

5 ай бұрын

This is a hot potato issue. 12 million stakeholders as contributors are concerned. Most contributors expected about 6% dvd as EPF had good returns for 2022. One noticeable feature is that shariah compliant savings improved from 4.7 to 5.2 % vs 0.1% for conventional savings. Looks like many may switch to shariah compliant savings that is improving much in terms of dvd rate in due course. Invite CEO of EPF for his inputs at this podcast. Many members are still ignorant what is shariah savings scheme? What do they invest in as opposed to the normal savings scheme to enable to increase its dividend rate payout this year and the future outcome.

On the issue of falling Ringgit vs USD and root cause was US federal reserve policy, but Ringgit is also weakening against all our neighbor's currency. How to explain that?

@nikhilpillai4862

5 ай бұрын

Our neighbors also increased interest rates

@YHNgeow

5 ай бұрын

I think the more we argue bak kut teh issue the ringgit will perform better..ba😏

@ckokloong

5 ай бұрын

Which neighbor? SG? SG buy crapload of gold to support SGD while keeping interest rate miserably low. I think SG is world top 5 gold buyer in 2023.

@LoC28C

5 ай бұрын

no basically I believe the fundamentals of the economies in our neighbours are stronger as compared to us. That is also a very big contributor towards the development of their economies. You see, the manufacturing and the agricultural industries in our neighbours are done by the local people there. The manufacturing and agriculture industries in Malaysia are manned by people from our neighbouring countries. Therefore a huge chunk of the revenue earned from these industries will be channeled back to our neighbouring countries too. Here you may also want to bring up the issue about Singapore. My rebuttal on this would be that in Singapore, they are attracting higher value workers and they not only attract these talent to work in Singapore, these people are also offered citizenship too. There is a huge mechanism in Singapore to attract and retain these talents as citizens. Contrary when you look at the Malaysian's policies we are encouraging our local talent to go abroad and stay there because we are not offering them the opportunity for Malaysian talents to grow or the remunerations is just too low compared to our neighbouring countries.

@ckokloong

5 ай бұрын

@@LoC28C Responding to 2nd para. SG Buy food from Msia. 300k people travel to SG everyday. A lot more is renting rooms in SG. Every week Singaporean go JB shopping. SG loose a lot of money to Msia also. The reason for SG doing well :1) Minimal corruption (I think BNM estimate Msia lose USD10B to corruption before PH win; 2) small efficient public service; 3)stable politic attract foreign investment. I think DSAI knows how to close the gap with SG but it takes time. SG has 60 years if trial and error to reach this point. Msia should prepare to wait at least 20 years to see result.

love ur podcast, u guys answer everything directly, wth honesty without any censorship 🎉🎉🎉🎉

Another great episode!!

definitely we need to get more ideas from Singapore side as they are obviously better than we are in Malaysia.

Govt should freeze on intake of civil servants.

Actually, Dr Ong, it would also be very interesting if you can get your fellow Cantabrigian Datuk Johan Merican on the show to talk about his former role as the CEO of TalentCorp, and also to comment on what Malaysia’s economy outlook means for Malaysian diaspora, based on his current role as the SecGen of Treasury!

Yes, love to have Steven Sim and Talent Cop … on board😊

The ringgit foreign exchange rates depend on 2 aspects namely (1) The ratio and number of young people mainly unemployed and underemployed used to buying foreign source goods mainly on credit with the frightening implications on the drain on our financial reserves and the balance of payments (2) The drastic reduction in the production of services and goods due to the sources. The ratio of the sources fall to the fall in unemployment and underemployment is about 5 to 1 so the fall about 10 percent in sources wrecks the employment numbers about 50 percent because many people in Malaysia have two or more jobs. (3) The reduction in sources dashes our prospects of earning from exports while the goods are services are reduced in prices although facing shortages all around

Malaysia still engage in low value activities. How to move up the value chain when meritocracy is not practised?

Yeah definitely! Would be interesting if you guys can get someone like Thomas M from TalentCorp on the show!

Still no timestamp? It would be really good to have it in, really. Tq.

Should have increased interest rates. Reduce households debts.

@ckokloong

5 ай бұрын

What you say does not make sense. If I have a home mortgage with variable interest rate and interest jump from 3% to 6%, this will only increase debt. Some reason why BNM did not increase interest rate is because to avoid mortgage default and encourage investment in productivity.

@pearlyung

5 ай бұрын

@@ckokloong assuming everyone has a floating rate loan does not makes sense at all

@KhaiKSK

5 ай бұрын

@@pearlyung this might be old data but it says here that 83% of all residential mortgages in Malaysia are variable rates - that's a lot of debt if BNM increases rates www.bis.org/publ/bppdf/bispap46l.pdf

@samliew6610

5 ай бұрын

Increase BLR/interest rate will kill those who are paying loans

@ckokloong

5 ай бұрын

@@pearlyung Lets say half takes floating rate. Then include credit card debt and small business loan in the equation. The result is bloodbath. Of course if you have lots of cash, good time to hunt for bargain from lelong house and cars.

Aiyooo tht zus pillow is so cute we. Pls make it an giveaway pillow

I agree on subsidy rationalisation part, the earlier the better. The part on independence of bank negara, you could try to sell to investor it is not based on political pressure but it is hard sell. Shouldn’t bank negara just raise the OPR by 25 basis point to 50 basis point to signal its independence to cushion the tanking Ringgit? Action speaks louder than words both for subsidy rationalisation and bank negara.

@asean8081

5 ай бұрын

Independence of Bank Negara is irrelevant . Goh keng Swee manipulated the Singapore Dollar exchange rate to protect its value . Read the history

@liberaltart7531

5 ай бұрын

@@asean8081 Yes. One of the host is ex-politician. So it made sense not to comment and to be blamed if bank negara really do increase OPR. Better for him just comment on subsidy part. Even if implementation fails, its bad government which he is not part of right now.

I wonder how many times Peter has been drawn behind the curtains by OKM...

@user-uw1br3cr8d

5 ай бұрын

OKM is the brains behind this show. Peter is just parroting

The idea of blaming the government for the fall of Ringgit is actually coming from the Ex Opposition Leader (Previous Ketua Pembangkang). I think the crucial issue for the current government is to manage the perception, especially toward what they have said while being an opposition. It is very easy to talk rather than execute. I believe people in Government now understand that policymaking is not something as easy as thinking. Despite we currently see very quiet or unfunctional opposition, from my point of view, they actually learned that when you talk too much, then it will haunt you back later. For the Government side, I hope that they will have the courage to make changes, especially in policy, and stop thinking about how to stay in power (playing politics). If they start to think that this might be the last term, then just strike the best as they can so that people will remember them as the best government ever or at least the blessing for the whole Malaysian. Fair policy and reformation of institutions will be a dream for all of us (since 2018) !

Steven Sim & Anthony Loke as a guest here is ideal!

Hello, govt has to make the first move to install more EV electric stations.

In addition to subsidy rationalisation to give us more fiscal head room, shouldn’t we be considering lowering our OPR considering our GDP growth is lacklustre (2023: 3.7%) and inflation is under control (2.5% - 3%)? Might cause a short term depreciation in MYR against the USD, but more fiscal space to invest in high multiplier projects and a looser monetary policy will be better for the MYR in the long run. Of course this is a very idealistic statement. OKM, any thoughts?

Actually, I quite agree with Peter on the raising of interest rate by 25 percentage points coupled with Bank Negara's call to banks to hold the loan interest rate for all B40 and M40 borrowers.I don't think this will be difficult to implement...

Be careful, there is issue in legal ownership of stocks for users of trading apps that use "dark pool" in flows of order. "In a class action complaint filed in U.S. District Court for the Northern District of California Jan. 15, Robinhood is accused of “material omissions, misrepresentations, and concealment” of its “dark pool” of payments for order flow arrangements"

Why always compare to Singapore? Compare with Thailand, Vietnam , Philippines or Indonesia more suitable.

The Ringgit has fallen for 30 over years. It is not simply just the policy matter . Poor management of the country finance , high debt to GDP ratio and global currency speculation is real .

World Bank country manager has clearly stated recently that weakness in MYR is due to structural reforms that were not instituted after 1999.... Look at where the Thai Baht is today... In 2000 , 70sen used to buy THB10, today you need RM1.30

Short term depreciation due to interest rates differential sure.. But can we talk about the pre-covid decades long decline of MYR? There are longer term factors at play here that is causing MYR to be uncompetitive.

👍🏻👍🏻👍🏻

is ok la, we are more lay back country, just continue to be lay back la. (positive thinking)

46:10 Hulu Langat should be suspended first. Can't stand that creature.

@MrBoliao98

5 ай бұрын

He need to not be so loud.

@conscience2370

5 ай бұрын

It reflects on the voters.

@user-uw1br3cr8d

5 ай бұрын

Just creating drama in Parliament. Nothing much in terms of intrinsic value to contribute to society.

@skjamaludin

5 ай бұрын

@@user-uw1br3cr8d exactly.

Pls have steven sim HR minister in to talk about brain drain leaving msia. Im a 1 year into the industry in bioinformatics (biological data science) and im seeing low wages, fewer opportunities in research due to lack of funding - hope they’ll be able to talk about R&D and science industry

And our MP are busy quarreling about bak kut teh in the parliament

Padu, to be successful, needs to have workers going to the ground to help convince the rakyat to register

It is in Singapore interest to gradually increase against the ringgit, it is part of S$neer band from MAS

@Hs5687

5 ай бұрын

Cannot be Ruled Out, RM Weaponised by SG so MY must Continue to be Obedient 😊

Apple sakes is heading downwards in China, I doubt its valve will appreciate.

hi..please improve on quality of sound system..the voice little bit deep eventhough volume adjust high..thank you

With the present weak ringgit. Malaysia should take such advantage and promote Malaysia as best value tourist destination. Can promote KL as the shopping Capital and PG as the Street Food Capital of Asia. Hope Malaysia tourism board will take action.

talking about EVs, the recent electrical hike charge and the SST don't seems to support that...

@xavier668

5 ай бұрын

Ev not viable with high rise residential..how would 1 charge their bike or car ? 1 block minimum 100 unit ,how many charger wanna install ?

@alexislim80

5 ай бұрын

True.. EV not viable in high rise condo. Even e motobike..

Steven sim

What caused the Ringgit to fall from par to SGD 50yrs ago to 3.5x now.... Why only look at rate drop of 0.2 but not the 3.3....

We need to hv intelligent MPs stand for election, and smarter voters

charging ev motorcycles in high density area will definitely be a concerns be it ev cars.

The 1997 AFC has resulted in Asian Currencies being attacked by currency traders . Mahatir took drastic measure and froze the Ringgit exchange rate while Anwar was misled by US to increase the ringgit Interest rate which would have killed the industries .

can non-bumiputra share the same discount privilege when buying new homes?

@ckokloong

5 ай бұрын

How much can you save from discount? Just come SG and work 5 years then pay cash.

Still no time stamps

Ok I'd like to pick OKM's brain for a bit. Let's say we're playing a game of fantasy cabinet. How many ministries would he create and who would he pick to take charge of those portfolios? Also, is it really necessary to have deputy ministers?

Opposition MPs should comment or debate on substantial issues

What do you guys think about our national athletics and if our country should focus on it ?

Thanks for the insights guys. Dr Ong, is it also planned that govt backbenchers like Bkt Jelutong or Hulu Langat have a duty of always stand up and shout at opposition?

Steven Sim

USD$1 = RM5 is imminent.

KM, let me know of your trip to India.

how come u didnt talk about epf? how can we observe their transparency as where did they made the profits etc. like a mutual fund sheet.

Steven Sim 👍🏻👍🏻👍🏻

Kindly explain why conventional EPF is at 5.50% only when we can expect higher. Thank you.

@gan247

4 ай бұрын

As mentioned previously, here and also in Keluar Sekejap, the EPF dividends are paid only from realised gains, meaning only when the investments are sold, the profit made, if any, will be used to pay for the dividends. Paper gains, like value of a stock bought at $100 now valued at $120 but not yet sold, are not realised gains. My guess is that the EPF did not sell much of the conventional investments for strategic reasons. KS also mentioned that the EPF do not have to pay all of the gains as dividends. They may keep an amount as reserves to as cushion for investments that may not perform well during tough times. All these could explain the lower than expected dividend for last year. The substantial increase in dividends from shariah investments could be due to EPF selling more of the investments and made realised gains. It is also easier to give higher dividends because of a much smaller base. Having said all that, until the EPF publishes their investments in detail, which they are not obligated by law, we would not know for sure and could only speculate.

Steven sim👍🏻👍🏻

The opposition now is no different fr the last opposition we had. They commented n create a lot of problem too without giving any suggestions

They welcome Malaysian graduate 🎓🎓🎓 to work there and eventually to become part of them!!! Hujan emas di negeri orang!!!

@Utube1024

4 ай бұрын

Malaysian graduate from overseas not from Malaysia. The MNC company I worked the last time many managers are ex-Malaysian. Graduate from NUS or overseas Uni.

Can u explain why since independence of Singapore , our exchange rate with SdG and most currencies are on a downward trend. Not influenced by interest differential points. So your argument is flawed.

Talking about tourism and MM2H … Malaysian are more concern about bak kut teh and worrying foreigner taking over the country ! Please lah … how to progress? China today is not like China 20years ago. No surprise 20 year later, India will be much developed than us also.

Stephen

If any of you do read up this comment. I just paid my electricity bill today..I am very dissatisfied with TNB for rounding up my bill. Shouldn’t “rounding figure not applied when I am NOT paying by cash but online payment? TNB took 1 cent from me, can you imagine how much this so expensive electricity company is and now we have to pay additional 2%? Imagine how much they will earn when there are millions of household? You may say it’s only 1 cent but it’s still not right and fair when they are charging so much !

Independence of Bank Negara is irrelevant . Please Read the History of How Goh Keng Swee manipuatled the Singapore Reserve by selling pound behind the back of UK and bought gold to protect the value of Singapore dollar

Think the current govt is missing the point by just focusing on reducing subsidies and imposing higher taxes and burdening the rakyat. Instead think outside the box on how to increase/diversify govt collections. For example, petrol prices in Sg is roughly rm12/l for Ron 98 whereas Msia is rm3.47/l. That is more than rm8/l gap. Why don't the govt consider increasing the Ron 97 prices for foreign cars to say rm10. It's still a win win price for both Msia and SG as they still will enjoy cheaper prices yet our govt will enjoy higher revenues without adding more burden to the rakyat. S'porean still also enjoys cheaper food and shopping here. Roughly I can envision billions of additional RM income from implementing this simple plan. Yes there will be capex needed inplaced for the monitoring but for the returns it's more than worth doing. Plus u can also incentivise the kiosk owners by giving them some returns ie 1/2 cents/l extra for monitoring this. This can also be implemented for foreign vehicles from the north. Y always choose the easiest way to tax the so called rich, isn't the govt suppose to elevate overall rakyat income n not bring down the T20 level to B40? Our economic advisors should not be sleeping n think of such simple yet effective solutions.

Stop the rot. Now only exporters are laughing all the way to the bank. But, but, but export volume has not gone up in tandem.

Improve public transportation and change these to EV first. It takes hours to recharge an EV compared to filling petrol which takes only a few minutes. Set up adequate EV stations first. No point to have an EV but need to drive to a mall to recharge. Besides I heard EVs are not environmental friendly.

Steven steven steven 🎉🎉🎉😅

Perhaps TalentCorp can get Jho lo to come back....

KS version english maybe. keep it up

500 keep their how long

Live show, get Dr Jason Leong to open. 😅

Short term fluctuations and long term trends are different. You should discuss long term trends. Not short term fluctuations

US interest rate Up and down is part of the equation in global trading system. We cannt blame US. We are the price taker; businessman need to manage his fund in international trading. Just like Mr.Money say Demand and Supply. What are the supply-side things that lead to less demand?? Are other countries have better Supply-side things and business policy? If you are the buyer, what are the factors to look for? Would buyer keep holding the Ringgit if he does not see the values? As for supply-sides, what are the goods you are producing that meet the demand?

Steven

When a country ruling with religion in mind just accept as it come. Debate till the cow comes home also useless.

YNWA

if govt policies continues to give a socialist vibe .. confidence in MYR and market will be down. grow not merely distribute.

When we mix Science with Religion, we get Philosophy And when we mix Corruption with Racism, we get Malaysia. After 67 years of Independence the nation still awaits for her 1st Real & Genuine Prime Minister. PM Melayu ada PM Malaysia takda

Anwar's weakness. 1) Full of motherhood statement. Very little in implementation or even monitoring body to make sure policies are implement. Worst than Najib in this case. 2) give serious businessman impression that his only reason to become PM is to avenge his imprisonment by former PM. 3) Have no idea how economy works. Don't know the strength and weakness of Malaysian DNA. IN this case, Najib is very good at it. With his MRT projects and MM2H, Najib able to tap into the wealth of mainland chinese wealth. 4) More likely to implement Robin Hood like economic policies. Rob the rich and give to the poor. He forgets that successful businessman are a rare talent just like top scientist and top engineers and doctors. Driving big wealthy tycoon away by continuing protecting bumiputra business such as preventing the sale of Boustead plantation and land own by SP Setia. 5) Bad in choosing the right talent for minister position. Basically, generally bad in putting the right people in the right place to affect changes in Malaysian economy. 6) Still want to become Malay hero. Shouting reformasi for 20 years and yet hardly any reforms in GLCs, GLIC and goverment agencies.

This week waste of time discussion in parliament is Bak Kut Teh means pork herbal soup. These MP really waste tax payer money.

the quickened pace looks like brain diarrhea to me now, save for a few remaining brave souls like Kian Meng ,Tony, and this moustache guy. It would've been a world of difference if Kian Meng and Tony were contributing in Singapore.

Propagating class warfare ... T, M, B etc etc is sickening. Get govt out of business as much as possible. Unfortunately it can't be done in Msia. Sad ! education level of population and leadership lacking ....

I think good job of exposing Tun M, Tun Daim, Mohideen besides Najib. We can pay country's debts?

EVs are a scam. Tell me the real benefits from mining to charging😊

Steven Sim better!

Why always talk about brain Drain, though granted this is a big problems but how about Brain GAIN.... Who is Msia attracting.... Aside of course from politicians who hail from next door....

apek, our ringgit low oso coz gomen did nothing to answer your dumb remark about what did they do lolz. i dont hear anwar going around promoting malaysia trade.

Anwar only thinks about revenging his imprisonment by Mahathir, Daim and Najib. So Anwar has to get these things done. But by only taking revenge, he will not able to heal these economy. The GLCs like Boustead plantation can't be sold to a non-bumi entity, and the land own by SP Setia cannot be sold to a non-bumi entity. These 2 events already show to most non-bumi business to invest overseas. And these non-bumi business has plenty of money to invest in Sg or USA or Japan.

Jai Hinduja. Time to get a big loan from World bank or IMF to pay for all the bills.

@adamiskandar5107

5 ай бұрын

👎👎

Hey folks, Dis 2 Cina Men Shld be A Politician & join Political Such as DAP Party Folks. Actually Who are Dis Two Cina Men Supported ... Ah Lau Siang & Ah Guan? U are in Malaysia BOLEH not in Singapore .... Pak Chik , Mak Chik ,Uncle , Aunties, Ah Pek & Ah Neh Don't Really Master English.... Hey Why Not join D Unity Govt. Lead by Mohamed Anuar Bin Ibrahim & D Retarded Umno President cum Timbalan Perdana Menteri Dr.Si Mammat Xahidi. Dat's No Need to Talk Abt Singapore Focus More on Malaysia BOLEH...